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RedDog, if you click EDIT, it opens your guestbook post up and you can amend it, correct spelling, whatever. Then it'll have a SAVE CHANGES button to click and will take you back to a dark blue screen and a Return To Guestbook thing to click on. If you want to DELETE an entry, you click that and it will ask you DELETE POST YES or NO. Click YES and it's gone....poof. NO, and it takes you back to the original post.
And like the others have said, your name is in the SIGNATURE section of your PROFILE information and can be changed by going to the FORUM main menu, and you'll see a menu bar above the BOARD INDEX with the word PROFILE. There you will find SIGNATURE towards the bottom of the profile menu. When you change the text in the SIGNATURE box, hit SAVE CHANGES, and your changes will be saved. Try it and see if it works for you.